The Plant Assets account and Accumulated Depreciation - - Plant Assets account of Star Media show the following:
Plant Assets
Beg. 100,000
Acquisitions 428,000, 52,500 Disposals
End. 475,500
Accumulated Depreciation - - Plant Assets
20,000 12/31/15
Disposals 10,500, 34,000 Depr. Exp.
Star Media sold plant assets at an $11,000 loss. Where on the statement of cash flows should Star Media report the sale of plant assets? How much should the business report for the sale?
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Home » Business » The Plant Assets account and Accumulated Depreciation - - Plant Assets account of Star Media show the following: Plant Assets Beg. 100,000 Acquisitions 428,000, 52,500 Disposals End.